All of the following are examples of illegal per se activities except which one?
A) output restrictions
B) bid rigging
C) market division
D) resale price maintenance
D) resale price maintenance
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If the price elasticity of demand for pineapples is 0.75, then a 4% increase in the price of pineapples will lead to a:
A. 0.75% increase in the quantity of pineapples demanded. B. 3% decrease in the quantity of pineapples demanded. C. 0.75% decrease in the quantity of pineapples demanded. D. 3% increase in the quantity of pineapples demanded.
Deposit insurance indirectly helped to create the savings and loan crisis in the United States during the 1980s
Indicate whether the statement is true or false
If beef and pork are substitutes for consumers, the cross elasticity of demand between the two products must be
A) negative. B) positive. C) indeterminate. D) elastic. E) greater than 1.
The monetary base does NOT include
A) currency. B) reserves of depository institutions. C) checking accounts at commercial banks. D) commercial banks' reserves.